XRP News Today: XRP Price Rebounds 1.5% as Bulls Target $2.55 Resistance

XRP price is currently holding near $2.39, showing signs of a rebound after a recent dip below $2.30. Over the past 48 hours, the price has gradually recovered, with multiple indicators suggesting a potential upside breakout as traders focus on the $2.55 resistance level. The latest update indicates a modest intraday gain of nearly 1.5%, indicating bullish sentiment despite broader market softness.

On the 4-hour chart, XRP price bounced from the $2.30 support zone after testing the lower Bollinger Band and 100 EMA confluence. The recovery appears technically sound, with buyers stepping in at a rising trendline support. A descending triangle break earlier this week triggered short-term selling, but the price is now challenging the $2.40–$2.42 resistance cluster aligned with the 50-EMA. The Bollinger Bands are narrowing, indicating suppressed volatility, while the mid-band (20 SMA) at $2.41 is being retested as intraday momentum builds. A sustained close above $2.42 could open the door to $2.50–$2.55 retests, where overhead supply zones remain active.

The RSI on the 30-minute chart is climbing toward overbought territory at 66, but it remains below extreme levels, suggesting room for further upside. The MACD is showing a bullish crossover, with histogram strength increasing on lower timeframes—a signal of returning momentum. On the Ichimoku cloud, the price has moved above the Tenkan-Sen and Kijun-Sen lines, while the cloud itself is thinning out ahead, reflecting reduced downside pressure. The Chande Momentum Oscillator also prints a reading above 60, reinforcing the upward trend shift. This momentum bounce is critical in determining why XRP price is going up today, particularly after last week’s decline from $2.65 that created a potential double-bottom near $2.28.

Zooming out, the daily chart shows XRP price has defended the $2.25–$2.30 range for the third time in May, suggesting it is a strong accumulation zone. Price is moving within a rising wedge formation, with $2.55 as the upper trendline resistance and $2.24 as the dynamic support. Weekly Fibonacci retracement from the November breakout rally also aligns the $2.40 zone with the 0.382 level, making this current move pivotal. A weekly close above $2.44 could reinforce bullish continuation toward the $2.65–$2.75 region. However, a rejection at $2.42 or failure to hold $2.35 would leave XRP vulnerable to a dip back to $2.25 and possibly $2.15, where demand re-emerged earlier.

If momentum persists above $2.42 and RSI holds above 60, traders may see XRP price spikes toward $2.55 as early as May 19. Conversely, any dip below $2.30 would invalidate the bullish bias and trigger renewed XRP price volatility near the support base.